Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Significant Growth in Short Interest

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 203,547 shares, a growth of 310.2% from the June 15th total of 49,618 shares. Based on an average daily trading volume, of 79,695 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.5% of the shares of the company are sold short.

Institutional Trading of Franklin U.S. Low Volatility High Dividend Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in shares of Franklin U.S. Low Volatility High Dividend Index ETF during the first quarter worth approximately $291,000. Farther Finance Advisors LLC increased its position in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% during the fourth quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after acquiring an additional 9,668 shares during the period. Arkadios Wealth Advisors increased its position in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% during the first quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock worth $1,428,000 after acquiring an additional 20,981 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after purchasing an additional 26,641 shares during the last quarter.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Down 0.6%

Franklin U.S. Low Volatility High Dividend Index ETF stock traded down $0.26 on Tuesday, reaching $44.49. 20,815 shares of the stock were exchanged, compared to its average volume of 58,900. Franklin U.S. Low Volatility High Dividend Index ETF has a twelve month low of $39.46 and a twelve month high of $45.63. The firm has a fifty day moving average price of $43.31 and a two-hundred day moving average price of $42.76. The stock has a market cap of $620.64 million, a PE ratio of 16.71 and a beta of 0.58.

Franklin U.S. Low Volatility High Dividend Index ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Thursday, May 7th were given a dividend of $0.3228 per share. This represents a $1.29 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, May 7th.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

The Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is an exchange-traded fund that is based on the QS Low Volatility High Dividend index. The fund tracks an index of roughly 50-100 US stocks selected from across the market cap spectrum. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHD was launched on Dec 29, 2015 and is managed by Franklin Templeton.